David Neuhauser, CIO of hedge fund Livermore Partners, sees the bull run for gold continuing, and says that $6,000/oz is "not so far away".

Spot and COMEX gold prices have reached $4,000 for the first time, marking a more than 50% increase year-to-date—the largest rally since the 1970s. Significant inflows into gold ETFs, particularly the S.P.D.R. gold ETF, have been reported, with over $13 billion entering in the past month and $60 billion so far this year, according to the World Gold Council.

David Neuhauser, CIO at Livermore Partners, attributes the ongoing strength in gold to concerns over fiscal and monetary policy, which are unsettling investors and central banks globally. Neuhauser believes the gold rally could continue for several years, suggesting that a price of $6,000 per ounce is plausible within a few years, especially if economic uncertainty persists or market turmoil increases demand for gold.

Livermore's Neuhauser thinks $6,000 price for gold 'not so far away'

to both spot and COMEX gold hitting 4000 for the first time. The precious metal has been going from strength to strength this year up over 50 percent year to date. Its biggest rally since the 1970s. A lot of money is going into gold ETFs. Look at the S.P.D.R. gold ETF that's also up over 50 percent year to date. It's seen inflows north of 13 billion dollars in the last month alone and a record 60 billion dollars net inflows so far this year. This all according to the World Gold Council. Well David Neuhauser is CIO at Livermore Partners. He joins me now to dig in a little bit deep and find out what's going on here. First of all are you surprised by this move. I mean this is a huge shift that we've seen in recent months. Yeah. Hi. Good evening. No I'm not surprised in the least by the move. So you know our hedge fund has been very bullish gold for now several years. So you know when we've had discussions before with CNBC dating back a few years you know gold was down around 17 18 hundred dollars an ounce. You know today this evening in fact we're seeing spot prices breach 4000 dollars an ounce. And we think that the buoyancy is going to continue for a long time to come. Yeah you know offline we were having conversations where someone said you know there was a time where we thought 3000 was a lot. We're breaking through 4000. How high do you think this can go. Yeah. So again for Livermore I mean earlier I think it was late last year we were thinking that bullion was going to breach 3000 in 2025. That happened several months ago. But since then it's accelerated its move and we've seen it up over another 30 percent to 4000. So my belief is look gold has tremendous potential to continue this bull run for not just 2025 but obviously 2026 and beyond. And a lot of it's just simply due to the debasement trade where fiscal and monetary policy is starting to unnerve investors and central banks around the world as economies become more polarized. That becomes a major issue. And even today I think gold has still tremendous potential for its future. Where do I think it can attract. I mean obviously 5000 is a big number but I think even if you look out the next few years seeing gold trade somewhere around 6000 dollars an ounce is not so far away. So you say you say a few years not so far away. You're willing to call the time frame on it at all to get to 6000. I think for it to get to 6000 it's either going to be a slow grind as inflation stays relatively high and fiscal stimulus continues or it's going to be something else that's going to unnerve the global economy or markets. So for example you touched on earlier the AI trade which has been you know on such fire as well. And you've seen technology stocks and AI drivers lead that charge. So for me I think if there's any issue as we build out that growth where you see some of these companies start to retract retrench that I think a market in turmoil will most likely lead to gold actually find even more demand and see it a much sharper move higher.

Officials say a deadly explosion at a military explosives facility in Tennessee killed multiple people, and others remain missing. CBS News' Shanelle Kaul reports.

McEwen

Deadly explosion at military explosives facility in Tennessee

A federal judge has temporarily blocked the deployment of National Guard troops anywhere in the state of Illinois. CBS News' Ian Lee reports.

Chicago

Judge temporarily blocks National Guard deployment to Illinois

The Israeli military has begun withdrawing troops following a ceasefire agreement with Hamas. The deal, brokered by the U.S. and Egypt, includes releasing hostages and a plan for Gaza's future governance.

Jerusalem

Middle East Conflict

Gaza ceasefire agreement has come into effect, Israeli military says

Venezuelan political opposition leader Maria Corina Machado has been awarded the 2025 Nobel Peace Prize. CBS News' Ramy Inocencio reports.

Stockholm

María Corina Machado wins Nobel Peace Prize

U.S. President Donald Trump will travel to Egypt and Israel this weekend to attend the signing of the Gaza peace agreement, address Israel's parliament and witness the release of hostages.

Washington

Trump to visit Middle East for Gaza peace deal signing

New York Attorney General Letitia James was indicted on one count of bank fraud and one count of giving false statements. She called the charges baseless and politically motivated, accusing President Donald Trump of using the Justice Department for revenge.

New York

NY Attorney General Letitia James indicted on federal fraud charges

China dramatically expanded its rare earths export controls on Thursday (October 9), adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping.

Beijing

China tightens rare earth export controls ahead of U.S. talks

A French court on Thursday (October 9) rejected the appeal of a former construction worker found guilty last year of the aggravated rape of Gisele Pelicot, and increased his prison sentence by a year to 10 years, his lawyer said

Paris

Sentence increased for man convicted of raping Gisele Pelicot

At least two people have died in a powerful 7.4 earthquake that struck the south east coast of the Philippines on Friday (October 10). Authorities had initially issued evacuation warnings following tsunami threats; however, these have now been lifted.

Davao Oriental

Philippines hit by 7.4 magnitude earthquake, at least two dead

Peru’s Congress has voted to impeach President Dina Boluarte on grounds of moral incapacity, plunging the country into fresh political turmoil after months of unrest.

Quito

Peru's President Dina Boluarte impeached

Israeli Prime Minister Benjamin Netanyahu announced that his government has approved a plan to release all remaining hostages in Gaza. The move is part of President Trump’s peace plan and could bring an end to the two-year conflict in the region.

Tel Aviv-Yafo

Israeli government approves framework to release hostages

New York Attorney General Letitia James has been indicted by a grand jury in Alexandria, Virginia. She faces two separate charges, one count of bank fraud and one count of false statements to a financial institution.

Alexandria

Federal grand jury indicts New York AG Letitia James

Israel and the Palestinian militant group Hamas signed an agreement on Thursday to cease fire and free Israeli hostages in exchange for Palestinian prisoners, in the first phase of U.S. President Donald Trump's initiative to end the two-year war in Gaza.

Trump says Israel hostages to be freed early next week

The U.S. Senate held its seventh round of votes Thursday on Democratic and Republican plans to fund and reopen the government, but once again the bills failed to pass.

Senate votes to reopen government fail again on 9th day of shutdown

The chemistry award is the third 2025 Nobel Prize to be announced this week. Three U.S. scientists won the award in chemistry for creating a new molecular structure.

U.S. scientist trio win Nobel Prize in chemistry

Ukrainian President Volodymyr Zelenskyy accused Russia of wanting to sow "chaos" in Ukraine by launching strikes on his country's energy grid and railway infrastructure, in comments published Thursday.

Kyiv

Ukraine Invasion

Zelenskyy says Russia aims to sow 'chaos' with energy strikes

U.S. President Donald Trump announced Wednesday (October 8) that Hamas has agreed to release hostages and Israel will pull back its troops in Gaza in the "first phase" of a peace deal. CBS News' Debora Patta reports.

Israel and Hamas agree to phase one of peace deal

Russia and China are sending high-level representatives to North Korea for celebrations honoring 80 years of the ruling party. CBS News' Ramy Inocencio reports.

Pyongyang

Russia, China send representatives to North Korea

The Toronto Blue Jays won Game 4 of their American League Division Series matchup against the New York Yankees to advance to the next round of the Major League Baseball playoffs.

Blue Jays defeat Yankees to advance to ALCS

The ongoing U.S. government shutdown has led to major delays and staffing shortages at airports, raising safety concerns. The flight attendants’ union says reduced oversight and overworked crews are putting additional strain on the aviation system.

Aviation less safe during any government shutdown, union warns

Earlier this week, Transportation Secretary Sean Duffy said one of the reasons for staffing shortages at airports is that a growing number of air traffic controllers have been calling in sick. Those controllers don't know when they'll get their next paycheck amid the government shutdown.

Los Angeles International Airport

Why the government shutdown is playing into travel delays

President Trump says he might travel to the Middle East as soon as this weekend as Israel and Hamas continue indirect negotiations to end the war in Gaza. CBS News senior White House and political correspondent Ed O'Keefe has the details.

Cairo

Trump 'may' go to Egypt or Gaza amid Israel-Hamas peace

A 29-year-old Florida man has been arrested on suspicion of arson in connection with the deadly Palisades Fire that scorched parts of Los Angeles earlier this year, officials said Wednesday.

Los Angeles

Man arrested for allegedly starting Palisades Fire in California

Former FBI Director James Comey pleaded not guilty to two counts in federal court on Wednesday (October 8) after being indicted by the U.S. Department of Justice in September.

James Comey pleads not guilty to charges brought by Trump's DOJ

Some air traffic control staffing issues and bad weather are affecting flight delays as the government shutdown enters its eighth day. CBS News senior transportation correspondent Kris Van Cleave has more details.

Government shutdown, staffing issues lead to flight delays

Hamas’ lead negotiator says the group needs guarantees of a lasting peace as indirect talks with Israel to reach an agreement over the implementation of the first phase of Trump’s peace plan for Gaza enter the third day.

Sharm El-Sheikh

Hamas says it is ready to reach Gaza deal but needs 'real' guarantees

Sebastien Lecornu to hold two days of talks to try to shore up cross-party support for his collapsed government.

Outgoing French PM launches last bid to quell political crisis

Israel is pressing forward with its attacks across the Gaza Strip. 
Its forces have targeted displaced families in Khan Younis, killing a mother and her children. Several Palestinians have also been killed in a strike on Al Shati refugee camp, in Gaza City.

Israeli strikes intensify in Gaza despite ceasefire talks

Palestinian solidarity demonstrators have marched through Mexico and Chile’s capitals, demanding their governments sever diplomatic ties with Israel. The protests mark the second anniversary of Israel's war on Gaza.

Mexico City

Palestinian solidarity protests sweep Latin America

National Guard troops are preparing to be deployed to Chicago. Members of the Texas National Guard arrived just outside the city on Tuesday. The move is being criticized as an abuse of presidential authority.

Breakdown